Voyager Technologies (NYSE:VOYG) Shares Gap Up – Should You Buy?

Voyager Technologies, Inc. (NYSE:VOYG)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $34.44, but opened at $36.20. Voyager Technologies shares last traded at $36.4990, with a volume of 528,157 shares traded.

Analyst Ratings Changes

VOYG has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Wells Fargo & Company initiated coverage on shares of Voyager Technologies in a research note on Wednesday, April 1st. They issued an “underweight” rating and a $21.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of Voyager Technologies in a research note on Friday, April 17th. Zacks Research raised shares of Voyager Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Citigroup reissued a “buy” rating on shares of Voyager Technologies in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.64.

Voyager Technologies Trading Up 6.9%

The stock has a market cap of $1.97 billion and a PE ratio of -13.13. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.52 and a current ratio of 4.57. The company’s 50-day moving average price is $28.07 and its 200 day moving average price is $27.45.

Voyager Technologies (NYSE:VOYG) last announced its earnings results on Monday, May 4th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.14. Voyager Technologies had a negative return on equity of 18.42% and a negative net margin of 72.90%.The company had revenue of $35.25 million for the quarter. Voyager Technologies’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts forecast that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Voyager Technologies

Several hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec acquired a new position in shares of Voyager Technologies during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies during the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Voyager Technologies during the 4th quarter valued at approximately $33,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Voyager Technologies during the 3rd quarter valued at approximately $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Voyager Technologies during the 3rd quarter valued at approximately $35,000.

About Voyager Technologies

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.